Capital Fund Management S.A. Purchases 24,908 Shares of National Storage Affiliates Trust (NYSE:NSA)

Capital Fund Management S.A. lifted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,156 shares of the real estate investment trust's stock after purchasing an additional 24,908 shares during the quarter. Capital Fund Management S.A. owned 0.07% of National Storage Affiliates Trust worth $2,091,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after buying an additional 4,897 shares during the last quarter. Franklin Resources Inc. grew its position in National Storage Affiliates Trust by 48.1% during the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after acquiring an additional 42,241 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in National Storage Affiliates Trust by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after purchasing an additional 42,508 shares in the last quarter. Versant Capital Management Inc raised its position in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in National Storage Affiliates Trust by 18.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 8,662 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NSA. Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Wells Fargo & Company lowered their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Mizuho began coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $1.20 during midday trading on Friday, hitting $36.74. The company's stock had a trading volume of 510,713 shares, compared to its average volume of 655,970. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.04. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44. The company has a 50-day moving average price of $37.25 and a two-hundred day moving average price of $39.58.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.